Asahi Life Asset Management CO. LTD. Takes $419,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Asahi Life Asset Management CO. LTD. acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 353 shares of the specialty retailer’s stock, valued at approximately $419,000.

Several other hedge funds also recently modified their holdings of the business. Principal Securities Inc. lifted its position in O’Reilly Automotive by 8.0% in the third quarter. Principal Securities Inc. now owns 2,535 shares of the specialty retailer’s stock worth $2,919,000 after purchasing an additional 188 shares during the period. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the third quarter worth $41,000. Optas LLC bought a new position in O’Reilly Automotive in the third quarter worth $261,000. KG&L Capital Management LLC lifted its position in O’Reilly Automotive by 6.9% in the third quarter. KG&L Capital Management LLC now owns 758 shares of the specialty retailer’s stock worth $873,000 after purchasing an additional 49 shares during the period. Finally, Donaldson Capital Management LLC lifted its position in O’Reilly Automotive by 0.4% in the third quarter. Donaldson Capital Management LLC now owns 6,548 shares of the specialty retailer’s stock worth $7,541,000 after purchasing an additional 29 shares during the period. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,373.64 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,378.76. The firm has a market cap of $79.30 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The business has a fifty day moving average of $1,264.60 and a 200-day moving average of $1,210.28.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now owns 971 shares in the company, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock worth $10,409,618 over the last 90 days. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ORLY shares. UBS Group raised their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays increased their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Wedbush increased their price objective on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. DA Davidson increased their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,390.81.

About O’Reilly Automotive

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.